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Dec 5, 2012 4:00am PST
of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. >> reporter: might be a jacket. might be those pair of boots that they want to go there and keep warm. >> for john the debate in washington is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> early this morning a tentative deal was reached to end the strike that shut down this nation's largest port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the deal was reached hours after federal mediators entered the talk. the port handles a billion dollars wo
Dec 7, 2012 4:00am PST
-855-999-1399 or visit call 1-855-999-1399 >>> outside pittsburgh a town hit hard by the economy is finding strength from its local football team. as wyatt andrews reports, the team is beating the odds and lifting the community. >> reporter: clarendon, pennsylvania is a proud steel mill town, but more than 10,000 jobs have been lost over decades, poverty has doubled the national average and most of downtown is boarded up. the one public school is so small the state might have closed it by now except for one extraordinary thing. the clarendon bears high school football team. this weekend the bears are in the playoffs to win a fourth straight state championship and their winning streak of 61 games is the best in america. >> we're making history, we're making a name for ourselves. >> reporter: one of the team's stars, tarish webb says the secret is the team's seniors. they've played together since they were 6 years old in midget football and grew up determined to win for themselves and for the town. >> if we lose that's actually letting them down so we owe to it the town. >> somebod
Dec 7, 2012 4:00am EST
: northern virginia is the economic engine of the state. what is it that's transformed and built the economy? federal contracts. from 1980 through 2009, federal contracting in northern virginia increased from $1.7 billion to $38.5 billion, but there's worry the bottom could fall out. >> government contractors would stop doing business in fairfax county because there
Search Results 0 to 2 of about 3